Latest Buzz

Fed up with Credit Issues!

Forum: Credit
M Christina Byrd
Ok folks. I'm finally trying to be an adult and fix my credit. I've been paying down debt and have signed up for apps like Digit, Truebill, and Credit Sesame. I have called and made payment arrangements with most of my debtors. I recently got an alert saying "Great! You've paid down your debt! Keep going!" And then, my score dropped 45 points! Grrrr! I paid off another account and it dropped an additonal 28 points! I'm not understanding why this is happening, except for the fact that my...Read More...
My score a year ago was in the 500 low range. I use the site credit karma for looking at score and other stuff. I got myself a secured credit card for $200 and my score dropped. Frustration set in more ever time I paid a bit more of my debt away. I don't even look at it anymore. When using credit cards don't use a lot of its money and always pay back in full. Your score will go upRead More...
When I paid off my car loan my score dropped as well. But dont worry about your score if you are paying interested on debt. Thats the more pressing issue. Congrats on your steps to getting rid of that bad debt though. You are heading in the right direction, regardless of what a credit scoring model says.Read More...
Last Reply By Deborah A Charrette · First Unread Post

Main drain clogged

Forum: Save Money
Don Rotanz
Here is a money saving idea that has saved me hundreds of dollars. Main sewer line is clogged and plumber wants at lease $150 just to come out. Open up the cleanout or vent and slowly push the disc (which is attached to a handle) all the way to the bottom and pull up really fast. I have cleaned out 3 main drains within seconds using this. Good luck, DonRead More...
@Don Rotanz Anything that will help one to stop them from paying out money they need not pay to someone else is money they can invest in their retirement, their emergency fund or elsewhere. The Penny Hoarder Community is exactly what this is all about, so thanks!Read More...
Yes, I have used this approach many times. It's a great way to keep the drains clean. My neighbor uses vinegar and baking soda several times a week and at times I pipe cleaner. They're not always as effective as your method. So you've brought us a great idea. Thanks.Read More...
Last Reply By AverageJoe · First Unread Post

This week in... The Penny Hoarder Community

Ashlee
Happy Friday Penny Hoarders! We finally got a taste of fall weather earlier this week here in Florida. It didn’t last long, but made me think of my favorite things about this time of year. What are some of your favorite budget friendly fall activities? Growing up in the Pacific Northwest, I love apple picking and pumpkin patches. And now for this week’s announcements… Thank you again to everyone who participated in our member survey, your feedback is invaluable! Join me in giving a shout out...Read More...
@Marsha Scott You are definitely right when you say that it's hard to get by on what Social Security pays out. I have my wife's income to depend on as well, but my SSDI is hardly helpful in maintaining everything. We both have prescriptions and need to take several supplements on top of these. We sometimes feel like we should be investing in Pharmaceutical companies! There are many ways to save on many of these medications. Many times your pharmacist will be able to assist you in finding...Read More...
@Monica McAfee Hi Monica! Welcome! I hope we can all be of help to you. Surely, you must have some great ideas, too.Read More...
Last Reply By AverageJoe · First Unread Post

Acorns

Forum: Save Money
Patti Weaver
I’ve been investing with Acorns for over a year now. It’s easy fun and takes the stress out of saving money as it’s done for you. Start saving for that rainy day.Read More...
The thing I like about Ibotta is that sometimes I get free stuff to try or almost free or even partly free that I wouldn't have tried. I don't buy a lot of name brand stuff but I cashed out $20 at a time multiple times. There are other apps that I don't care for. We each are entitled to our own opinions and Ibotta works for me!Read More...
13 investment apps is a lot to keep track of. Oh my gosh!Read More...
Last Reply By Dipat · First Unread Post

Website called Fundrise

Forum: Investment
I'm new to investing. As in, I want to start. I don't totally trust big companies like Wells Fargo and was reading on here about a website called Fundrise. Has anyone used this? Is it a legit site? I feel more comfortable using that type of investing. Any help would be appreciated!Read More...
I am so sorry...I don't have that information yet. I've been looking for that kind of thing myself. It's one of the things that I have been holding out for before I invest in them. You could write their investment counsellors and they could probably give you that information. Hope that helps. I'm still waiting for them to answer.Read More...
Yes Thank you for the info but I was thinking more in terms of investor profits vs company profits.Read More...
Last Reply By AverageJoe · First Unread Post

How I'm Making Money on Poshmark

Forum: Make Money
I previously commented in the side hustle post about selling on Poshmark. I'm currently am selling maternity clothes that I recently stopped wearing and I bought a box of returned Amazon clothes from Liquidation.com for $300 with shipping. In just a few weeks I've made $180. I had no sales the week of Christmas, but they seem to be picking back up. So far, I've made $110 off my maternity clothes and $70 off of 3 items from the Amazon returns. I've been slow to post pictures on Poshmark due...Read More...
@Cathy927 The youth these days seem to be more on top of the net than most of us old-timers. I've got neighbors whose children sell more on Poshmark than most people sell at a yard sale. I never knew there was such a place until one of my nieces told us she sold some of her clothes there. She made more in one week than she had made at her regular place of employment. It was hard to believe until I saw it for myself.Read More...
My granddaughter, came out of her bedroom the other evening with things she sold on Poshmark. I had no clue what that was. I always sold on Ebay. The girl is 17 years old selling her clothes and going to Goodwill and buying more to sell. She is making more than if she worked at a fastfood place. She is now giving me advice! And good advice also! Using her iphone6. Happy Poshing Crystal!Read More...
Last Reply By AverageJoe · First Unread Post

Question about life insurance

Forum: Insurance
I'm 48 and have a 10 year term life policy that will expire in the next year or two. I know I'm going to pay more premiums as I get older so would it be a good idea to get a new policy now or wait until it expires and see if I can get a deal by re-upping with the same company?Read More...
That's a good question. I would say you would probably do well to start exploring your options now. As you mentioned, premiums only go up with time and you can get a better idea now by looking at what other offers are available. Also, it might be helpful when you sit down with your current life insurance company to have some other alternatives you have explored. If the company you are with views you as a valuable client, they will do everything they can to keep your business and knowing...Read More...
Last Reply By Moore Income · First Unread Post

What Do You Do With Credit Card Offers In The Mail?

Forum: Credit
Moore Income
I was just going through some mail we got over the past couple of days and I noticed a credit card offer for my wife for an American Airlines credit card. Since we travel a lot, it did peak my interest a bit, but we don't fly American that often so I don't think the bonuses they are offering are actually worth it. Credit cards are a sticky situation when it comes to finances. On the one hand, they can be helpful and offer nice rewards for using them. On the other, they can be used...Read More...
At least you put the paper to good use @adcf292 Credit card companies can be sneaky and they can quickly become a trap!Read More...
I ignore the offer & recycle the paper! Credit card companies make money on late fees, etc. I try to stay away from traps.Read More...
Last Reply By Moore Income · First Unread Post

Baking business

Forum: Make Money
I would like to bake and sell from home. What are the laws in North Dakota? Do you need to apply for a subcontractors license with Stste? Will I need to submit a W9 at years end?Read More...
Great to see someone else from North Dakota on here! I am not up to date with all the laws related to a baking business but I have always been able to get answers by calling the State agencies responsible for helping you get your business set up legally. Google may also be handy for getting answers to your questions but a call directly to them would probably get you answers quicker.Read More...
Hi @Pansey ! The Penny Hoarder has TONS of great articles with resources for small businesses. Although not specific to baking or North Dakota, here are two of our recent articles you might find helpful to getting your business up and running. The 5 Best Banks for Small Business Owners in 2019 These 11 Tips Will Help You Get Financing to Start a Small BusinessRead More...
Last Reply By Moore Income · First Unread Post

Membership status

Forum: FAQ
Leslie Kay
How do you achieve becoming an MVP member? What about Community Advocate? Is there a list of what each title stands for in the forum?Read More...
@Theodora We're glad to hear that these things are still in effect. I would rather be asked than to try to push my way into a position such as Moderator, or Community Ambassador. I just like to be helpful when I can and if the company thinks I'm able to be of some use, then that's great. If not, that's fine, too. I'm here to help whether in a position or not.Read More...
Everyone..just a reminder that you can always direct message @Ashlee with any questions you have about the community..membership or otherwise. @Moore Income the program is still alive and well. It's a way of honoring our most active members and give them some special privileges, etc.Read More...
Last Reply By AverageJoe · First Unread Post

Some bittersweet news!

Briana
Hello everyone! I have some bittersweet news to share will all of you. My time with The Penny Hoarder is coming to an end and I will be transitioning out of my role as Community Strategist. It's been such a pleasure to work and get to know all of you amazing members throughout the last year. I feel so fortunate to have been able to learn so much from all of you. I am very excited to introduce our new Penny Hoarder ambassador, @Ashlee, who you'll be able to go to with...Read More...
Briana-Best of luck in your future career! Welcome Ashley. I enjoy all the “penny hoarder” tips I learn by participating in this community.Read More...
Thank you for the warm welcome everyone! I am happy to be here and excited to get to know each of you better. Please don't hesitate to reach out if you have any questions. Briana, you will be missed! Good luck on your next endeavor.Read More...
Last Reply By JoJoJennifer · First Unread Post

Movie Sundays

Forum: Budgeting
Starwish
The cost of going out to see films is so high. So, I every few weeks buy an assortment of bargin bin $5.00 videos at Walmart or the local $1.00 store and have on hand. Then, almost every Sunday I have homemade popcorn, and a few movies at home. I am older, and really enjoy having my Sunday special day to look forward to. Sometimes I rewatch favorite movies / series in my collection. It is a low-cost, lovely way to spend a quiet Sunday at home.Read More...
Movie Sunday or any other day is a great idea. Why not check out your local library for free movie check outs. Our library also offers a streaming service for downloading movies and tv programs that is free to members.Read More...
Last Reply By Kathy E · First Unread Post

AMAZON PRIME DELIVERY

OCTOBER-25-2019 HELLO PENNY HOARDER: I CANCELED MY MEMBERSHIP 10/24/19. I HAVE BEEN ON AUTO MONTHLY PAY $14.03 MONTH. THE DELIVERY DRIVERS WOULD LEAVE MY PACKAGES AT WRONG HOUSES OR LEAVE AT FRONT GATE***CITY SIDEWALK***. THEY WOULD NOT WALK 15 FEET TO MY FRONT DOOR-SECURE DELIVERY ON CAMERA. AND YET, THEY CLAIMED PACKAGE WAS LEFT IN A SECURE LOCATION. MANY TIMES THIS HAPPENED AND I FINALLY HAD ENOUGH. I BET THOSE DELIVERY DRIVERS WOULD NOT LEAVE THEIR WALLET IN THAT***SECURE LOCATION***. I...Read More...
We are gated across our front drive and the drivers won't enter our yard when we keep it closed........I can understand that. Sometimes there is a field when you leave your order, or with the tracking link that allows you to leave special instructions for the delivery person, if that might help you. We are seeing more and more grey Amazon delivery vans coming to our house instead of UPS or FedX. That could cause you a problem, for sure, because we have a different driver every time, where...Read More...
Last Reply By mintjulep · First Unread Post

Job loss, Retirement fund, credit debt

D. Morgan
Recently lost my job. Severance will float me for about 4 months. $70,000 in debt: $20,000 to family, $27,000 CC, $6500 student loan for my son, $14,500 car. Retirement fund will need to be rolled over into an IRA (currently in a 403b). I owe myself $11,000 from that fund. Question: Do I use funds from the retirement fund to pay off the debt (plus the tax and penalty for early withdrawal) become debt free, and spend the next 10 to 12 years (I'm 56) paying back into the IRA I established when...Read More...
I am in a similar boat as you... Lost my job in June with less than 2 months worth of severance. $51,000 in credit card debt; $165,000 in student loans; $6,200 owed to friends/family. I owe myself almost $4,000 from my retirement fund. Are you eligible for unemployment? Can you take on side gigs?Read More...
I also agree not to use the retirement fund, unless you're absolutely down to your last dollar. I hope things work out for you. Focus on keeping your skills current, networking, and looking for a job. Once you've found a job you can focus on paying your debt down.Read More...
Last Reply By DailyGrind · First Unread Post

Credit card

Forum: Credit
Floyd F. Mitchell JR.
Well unfortunately, I wanted to boost my credit score by having my wife get me an American Express everyday credit card on her account. I was very naive when I received it not really knowing that she had used 97% usage of $1000 limit, but paying on time every month. Well I have a credit score of 525, and it took it down by 30 points. What shall I do, close the card or just hang on to it, I need help with this. I was just starting to pay off my collection’s and etc. Please someone give me...Read More...
Thank you for the valuable info that you gave! I will follow up, as soon as our situation regarding power shut offs in California improve. We have been shut off 2 times (so far, with another coming in ~12 hrs) due to raging fires. I am fortunate to live along the Pacific Coast and away from any current fires, but PG&E are being extra cautious for now. MerrieRead More...
I would recommend getting a copy of your credit report, which you can get free each year through Experian, where you don't have to enter a credit card # to get it. This way you can see if there are any errors and get them fixed. I also recommend Credit Sesame, which I use - it shows you top actions to increase your score, your credit analysis with info on what affects your score, and more. I don't suggest closing the card, because that can negatively affect your payment history if you made...Read More...
Last Reply By Merrie Hammond · First Unread Post

I do not have money to eat with my SSDI dispersal

Forum: Debt
Tourette Tic
I was recently deducted over ~$120 a month from me SS for Medicare. It was tight before they deducted that from my already meager $1200 a month allowance. When I receive my disbursement of a little over $1000, my complete finances are gone. I pay for rent $450 and utilities that have been $500 a month. I have had charity last month through my father last month, but that is it. My car recently broke down and that cost me over $300. I am having panic attacks and my blood pressure is sky high...Read More...
Go to your local /state welfare office. Apply for SNAP benefits. Apply for utilities help through the state or your county. Call your electric company and explain your situation. Look into subsidized housing. Section 8 is out there for folks who are low income. Ask about Meals on Wheels. Find your local food bank. Find local meals at the Salvation Army or local churches or charities. There are options out there. Free phones through SafeLink or some other program offered from the government.Read More...
Your partner needs to treat their half of the rent and utilities as their own responsibility and get on the hustle to find programs that will help her support herself. You are saying that you are supporting 2 adults off of disability for 1 person. Because I know that my mom barely gets $800 in SSI and she is amazing about budgeting and always seems to have money as needed. Now that she is supporting herself and not with her ex-husband that did not contribute his share of any expenses. I...Read More...
Last Reply By Mexpensive · First Unread Post

Financial websites?

R Hopkins
This info is probably on the site somewhere, but I couldn't find it. What are people's favorite personal finance websites? Other than Pennyhoarder, of course. NerdWallet, Credit Karma, etc. ... what else, and what do you think of them?Read More...
Nerdwallet is the best. Their content is really good and understandable.Read More...
I absolutely love The Dollar Stretcher; been subscribed since around 2005.Read More...
Last Reply By adcf292 · First Unread Post

Switching car ownership

Susan Ortiz
Hi everyone. I have a question that no one seems to have an answer to so I'm hoping someone here can help. I financed a car for my daughter a couple years ago, her senior year, she is now 19 and wants to put the car in her name to help with her build her credit. The problem is no one seems to know how to do that with a car that still carries a balance. One person told us to trade it in and then put her down as a Co-buyer, then in a few months she could re-finance but that seems like a lot of...Read More...
Contact the lienholder which I am assuming is a bank. She will need a new loan that she qualifies for on her own merits and then they will transfer title to her name and their name. You cannot do anything without the lienholder/bank driving the transaction. Because no one can get them off the title so that you could make any changes.Read More...
Talk to a notary that handles car registrations and explain the situation. We had a similar problem in the family a few years ago and the notary was just great, she knew exactly what to do. If the notary can't help you they should at least be able to give you some suggestions as who to call. Lien holder would be one, I would imagine, if they are holding the title.Read More...
Last Reply By Leslie Kay · First Unread Post

Tips on using liquidation.com

Forum: Make Money
Leslie Kay
Can the group give me some tips on buying from liquidation.com? I have enough profits together to buy a nice sized returns bundle or similar but I don't want to buy some things that turns out to be worthless or useless, Thank you. What about Amazon returns? how would I go about that?Read More...
I only bought new items but fell into the cheap Chinese quality situation. I had been bidding on a pallet of clothing thinking it was returned goods but it turned out to just be USED clothing for kids. The bid ended and I didn't have the funds available the date that was required so I asked for a 2-day extension on payment. Well, they said no to that and my punishment was that they completely closed my buying account. It actually probably saved me $350 that I'd never make on a pallet of name...Read More...
Liquidation.com is my main place to source. I buy Amazon clothing returns.Read More...
Last Reply By Leslie Kay · First Unread Post

Life insurance for grandchildren

Forum: Insurance
Any tips on the type of life insurance for grandchildren, amount and most of all the best insurance company?Read More...
Look to see if the parents have term insurance. They can add a rider to their existing insurance for much cheaper than The while life options offered by a baby food company. Only thing a child would really need to cover is burial. If you are looking at providing money long term look at opening a college fund, the money will be much better spent. Whole life is a horrible vehicle for investing and life insurance.Read More...
You might want to check out Gerber Life Insurance plans for children... they've been specializing in this for a very, very long time (mom took policies out on all us kids when we were born in the 60s). After I got married my folks gave me the policy and I cashed it in to help buy our first house. It wasn't a lot of money, but was certainly appreciated. Grandparents are eligible to insure their grandkids, too. https://www.gerberlife.comRead More...
Last Reply By Kirk · First Unread Post

I'm new here.

Tourette Tic
I was recommended this forum for people that are disabled (SSDI) I keep getting the run around and have a profound case of Tourette Syndrome. I am 40 years old and am highly educated (7 years full time in college.) I can not meet ends meet and I have my partner and here 3 kids, two in college now. I swear and violently jerk and make load sounds tics. It took me 8 years to be awarded SSDI back in 2008. I cannot afford to take care of my partner and her 16 year old kid on my meager $1200 a...Read More...
@Tourette Tic I'm so sorry to hear that you suffer from Tourette's. We have a very dear friend who was one of our professors in Bible college who has it. I'm not sure what position he holds now, but I do know that he was always cognizant of what could happen. He told us if we asked, and nobody ever made him feel like less of a human being. I hope and pray nobody ever does you, either. As the previous poster said, snap is often available, and many times there are many great attorneys who are...Read More...
This form is not specifically for disabled individuals. It is for anyone who wants to save money in one way or another. You may be able to get state funds, medicaid, and food stamps aka snap to supplement what you have now. Sometimes local churches will help, too. I am so sorry for what you are going through.Read More...
Last Reply By AverageJoe · First Unread Post

Making extra money

Forum: Make Money
I know it has been asked alot. But I would like to see more ideas for someone on ssi to be able to make spare money to get by on or even have a life after paying for all the bills. I have kids at home and after everything hardly anything left but food and gas and it's not enough anymore. I have right under $60 left till the 3rd or when ever it comes in. I do surveys but they have gotten stupid. All or most are based on points or they want you to do one for less then $2 for almost an hour. I...Read More...
I would like more information as well!Read More...
I am interested in learning more about these. Please let me know.Read More...
Last Reply By Michele Frank · First Unread Post

Mounting medical debt in collections..

Forum: Debt
Juleigh Hastings
Hello! I just joined today..finally! I have an enormous amount of medical debt. I made the very immature mistake of basically ignoring the bills, plain and simple. Because of this choice, my credit is back down to the mid 500's. My husband and I declared Bankruptcy 5 years ago as a result of both of us losing our careers, within seven weeks of one another. We lost everything. I mention the devastation of job loss, Bankruptcy, because I get told to "claim BK" quite a bit when I talk to Debt...Read More...
@Julie Hastings, Have you applied to Medicaid? I don't know how it works, but I once had it years ago and if I remember correctly, you can take your bills to them, and if you qualify they will pay them and put you on Medicaid. You must qualify for Medicaid annually. As a senior, I now receive Quality Member Benefits but no Medicaid. Both come directly from the DC government Office of Financial Services. I applied for QMB when I learned about it a couple of years ago, and I suspect it is a...Read More...
I would also recommend trying to negotiate a payment plan with the medical billing agency or hospital or doctor. We went through this in the family and while the medical provider was a local hospital and probably easier to deal with than some distant collection agency, they were willing to accept reduced payments. Creditors, for the most part, would rather you pay something rather than nothing. If you get an agent on the phone who flat out tells you you can't do that, insist on speaking to...Read More...
Last Reply By Andra Powell Henderson · First Unread Post
Hey Hoarders! I've been pondering a lot lately about different side hustle strategies to bring in some extra side income each month. I've been incredibly inspired by successful bloggers who have managed to take their hobby and turn it into a profitable business, raking in thousands (and sometimes tens of thousands) each month. I'm interested to hear from other bloggers who have used this strategy successfully and whether they have any insights into how to make it work? I recently wrote an...Read More...
@TheSavingScientist, Great idea; subject. I have often thought of blogging; have several but they went nowhere because I feel I don't have anything of interest to blog about. I am all over the place. I am retired; on a small stipend as I did not really understand nor plan for retirement. I have been a nontraditional learner while being a divorced mother of three; had to stop out of school but returned; now have three degrees from American U, and almost a PhD...stopped out; got sick. Became...Read More...
I wonder how much people really make on blogging.Read More...
Last Reply By Andra Powell Henderson · First Unread Post
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